Lotte Group had planned to sell its entire 58.5 percent
stake to JKL Partners, but decided to hold onto a 5 percent stake in the non-life insurer.
Lotte finalizes sale of financial units
The official said GAIL has finally fallen in line and a decision taken to let ADB sell
stake to any of the other interested parties.
Oman fund and Mitsui in race to buy Asian Development Bank's Petronet stake
Papua New Guinea energy company Oil Search Ltd launched a fight to contest French oil giant Total SA's purchase of a 40 per cent stake in PNG's biggest undeveloped gas field.The dispute surrounds stakes in the Elk and Antelope fields, coveted because the gas could be used either for a possible expansion of a $19 billion liquefied natural gas (LNG) project that ExxonMobil Corp is building with Oil Search, or for a rival project.Oil Search recently bought into the Elk and Antelope fields, controlled by PNG's InterOil Corp, which this week signed a final agreement selling down its
stake to Total.
Oil Search fights PNG sale
Qatar National Bank has acquired an additional 49.96 percent stake of Tunisian Qatari Bank, bringing its ownership
stake to 99.96 percent, pending regulatory approval, the lender said.
QNB takes control of Tunisian Qatari Bank
The report also said that Russian billionaire Suleyman Kerimov was set to buy a separate 3.88 percent stake in Bank of Moscow from Goldman Sachs Group Inc (NYSE: GS), which initially had planned to sell the
stake to VTB.
-VTB denies reports of buying 51% stake in Bank of Moscow
To prevent all the enclosed stems from gathering together, run the twine from number one
stake to number three, then from stake five to stake two, and so on.
Beware of high stakes
'By increasing the minimum unit
stake to 50p, we are giving the smaller staking punter a much better chance of winning the bet, especially when there is a big rollover, which is historically when the big syndicates get involved.'
Racing: Tote change to aid punter
Sink the 8-foot stakes about 1 1/2 feet into soil, one on either side of the path, then position and secure the top
stake to them with wire.
Party arches ... blooming
The deal with Henry McCance for 50 of the media company s 750 units in New England Sports Ventures (NESV), which owns the Major League Baseball team, reduces the Times s
stake to 16.6 percent from 17.75 percent.
NY Times sells piece of its Red Sox stake
Singapore Telecommunications Ltd (SingTel) has announced that it has purchased a 45% stake in Pacific Bangladesh Telecom Ltd for USD118m, with an option to raise its
stake to 60% between 1 April 2007 and June 2007.
45% stake in Pacific Bangladesh Telecom purchased by Sing Tel
EADS, which is buying BAe's 20%
stake to give it full control of Airbus, said no-one could know whether the A380 would face further hurdles.
Aircraft News - Europe